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Is GDP suffering from border disorder?

Find out how agencies can collaborate to foster trade facilitation

Overview

Fostering trade facilitation and economic growth are now key issues for Customs and other agencies around the world. To help reduce the time and cost involved in trading goods and services across borders a greater focus on collaboration between border agencies is needed. By addressing a set of people, process and technology issues upfront, agencies will be able to collaborate far more easily and foster trade facilitation – delivering public service for the future.

BackgroundThe implementation of the World Trade Organization’s Trade Facilitation Agreement is moving closer to reality and analysts believe it could add up to US$1 trillion to the world economy. A cornerstone of improved trade will be the harmonization of customs procedures around the world.

Analysis

Today, clearing a single shipment across a border involves on average 15 agencies – from Healthcare and Law Enforcement, through to Agriculture and Revenue – and sometimes as many as 40. These interactions cost time and money: each day’s delay in moving goods accounts for about 1 percent of the cost of manufactured goods.

RecommendationsTo foster trade facilitation a more collaborative approach led by Customs agencies will minimize wasted effort, streamline operations, reduce handoffs and cut red tape – delivering public service for future.

To achieve this agencies must take a series of steps encompassing not just technology and data, but people and processes too:

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